1938-40 E Madison StreetSpringfieldMO65802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springfield at 1938-40 E Madison Street, Springfield, MO, 65802 earns $922/mo cash flow from $2,572/mo rent with a $1,297/mo payment. Total monthly income totals $2,572/mo, and annual cash flow totals $11,060/yr on $87,848 capital. ROI tracks 32.5% on current figures, and rental yield reads 11.65% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 170.41% and total cumulative return in cash sums $149,703. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,572/mo property income instead of your personal income.
Multi Family
Built in 1971
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 65802, Springfield, MO area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,130 (100%) |
| Owner Occupied HU | 11,217 (50.7%) |
| Renter Occupied HU | 9,182 (41.5%) |
| Vacant Housing Units | 1,731 ( 7.8%) |
| Median Home Value | $204,089 |
| Average Home Value | $243,126 |
Housing Distribution
Address Breakdown
Residential
20,853
Single Family
20,101
Multi-Family
752
Businesses
1,497
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael F. Thomas • Alpha Realty MO, LLC
Mls Name: SOMOMLS
Mls ID: #60312078